Buyers are stepping in on first Gold pour for Thor and VoxFirst gold pours at the Segilola Gold Mine in West Africa by Thor Exploration.
July 30th operators completed the first gold pour. Thor is transitioning into the operating phase of the project, which means they are moving towards full-scale steady state commercial productions in September.
They are targeting 80-85,000 oz per annum, which will equate to around 45k/oz by the end of this year, and then they are looking to ramp up towards 100k/oz next year.
This royalty means good news for Vox as they receive cash flow into the portfolio alongside the other 3 production stage royalties.
The revenue generated from this mine for Vox should be 5x the initial investment over the next 3 years which was C$900k. The potential C$4.5 from Segilola has given Vox confidence to up their revenue forecasts for this year towards
C$5 million revenues which is double their previous announcement at the end of Q1. There will obviously be a lot more news coming in the next 3 years so it will be interesting to see how the other production stage assets fair and which new ones up the revenues and by how much.
Vox Royalty is protected from the challenges that occur taking a mine into production as they have no exposure to CapEx. That is not to say the mine should it fail to find the necessary materials, machinery and other COVID related disruptions, would not hinder the revenues being projected. The good news is the mine's operators are doing a sterling job so far and have an amazing track record.
GDX
Gold to GDX RatioGLD/GDX Ratio predicts bottoming pattern in the Gold mining stocks. Should be followed by an upmove soon.
Are we at a bottom for miners?Miners may finally be at or near a medium term bottom. They were up nicely today while gold was down. Also the technical are good. They are at the primary trendline, and there is a bullish RSI divergence. There is major support around 31, but not sure it will get down there.
GDX - the beginning of the endThe GDX Gold Miners is one of my personal favourite, and I have had been following it closely over the last couple of years. Since August 2020, where 95% of position was cleared, there was hardly any sustainable long term rally, albeit the March to June 2021 rally that I actually missed. Since then, it pulled back, and is about to revisit the last major lows. This is the beginning of the end... as in, the bearishness is ending. Now, this could take months to pan out and perhaps about 5% downside risk to go.
The daily chart had prices at a lower range having gapped down early in the week. Unlike equities, the recovery was mild, if at all, with Friday gapping down instead. In the form of a megaphone, the range is now going to widen, but am expecting more downside to the target of about 31.50-32.00.
Technicals support the weakness, albeit not extremely weak... just not strong. Looking for a higher low, with MACD bullish divergence in the month to come. Would not be surprised if it breaks down of the megaphone and then breaks back in again to be super bullish.
Until then... I am sitting on my hands.
GDX gold miner ETF7.18.21 GDX : This market can be a tradable market. You can look at the daily and weekly charts and see this. There is a more important reason to talk about this market. There are things a trader can do that can actually sabotage the ability to be profitable because the trader is so risk adverse, that trader will add indicators and filters that result in avoidance of taking trades because of an overwhelming fear of losing trades. This decision could even be conscious or unconscious, and even unintentional, but the end result will create a lot more work, and fewer trades as well as losing trades. The impact of taking trades that have a high probability of be stopped out and not producing acceptable targets can result in strategies that will slow down the trading, but they never really address a meaningful understanding of market dynamics that actually help you find a good trade with a reasonable stop and a decent target. If you really fear the market, you will find ways to slow down your trading. The problem is that this will not help you find a high Quality trade. I believe that certain strategies show that the trader is trying to avoid losing trades, and stress, but may also indicate that he may not have an effective awareness of price dynamics, or structure, and other factors that would be helpful in finding quality trades. However, you can certainly work hard, and have good intentions, but never really figure out how to find the trades that are more reliable, and therefore give you more confidence because they will find your trade location, and result in a decent target in a manner that will give you a higher probability for success. It is important to avoid losing trades, and it is important in finding trades that give you a good profit for the risk you are taking. Choosing bad tools can ruin you as a trader.
GDXpossible trend change here if this can be confirmed as higher low.
wouldnt touch options yet (unless ATM leaps w SL), but commons look good here.
time and patience needed in miners.
$1800 for Gold could be major support$1800 for the gold bugs seems to be a Goldilocks number. Recent support has been tested several times but a break out from the recent downtrend at first looked like a false breakout. If we were to take that swing high on this latest bullish move, the consensus target of $2000 should be easily met, even $2100 is doable.
For the likes of a royalty company the fluctuations in the metals is less relevant but a higher precious metal market does bring outside interest back into these assets, so the likes of Vox Royalty will be benefiting from the current appreciation in the yellow metal. They both have shown a swing low buy the dip from mid-June, so some correlation currently on show.
GDXJ Arc indicates low risk entry with 250% upside The fun side of the arc in the junior miners is currently playing out. At the moment, we reside at the edge of the arc, which presents a very low risk high reward entry. Completion of the arc would indicate a gain of around 250% + overshoot, in an 18 months timeframe.
GOLD Pullback Resume Off?Gold saw a sharp sell-off last week due to comments made by Powell of interest hikes that may come sooner than expected. Since early June, gold is now down almost 8% in just this month. Nevertheless, price is holding some key technical levels. I still remain bullish on gold given the current environment of high inflation. The key levels to look out for are 1750 and 1675.
GDX Gold Miners Hard DropHave not been posting nor updating publicly... but private circle saw the recent run up, and my suspicion that it would not hold. Circles were target points that were "surprisingly" met. (I dont know how to post the snapshots here, but anyways...)
Then this last week saw that GDX cut right through a target level earlier than expected.
A new support target is set, but I still suspect that there is more to come.
Gap Downs are hard, and on very high volume.
This down move is exacerbated with a spiking USD, falling Gold prices and Equities at risk.
Not yet ripe. Wait for it.
Gold - Rising Wedge Short (S3)Trade for Gold (S3):
- Rising Wedge Breakdown with Exhaustion Gap and Re-Test of Wedge.
- Fell into descending ML Channel with confirmation.
- 2N Frequency SL yields:
2150+ Ticks PT
3.4 R/R
GLHF
- DPT
Gold - Distribution To Under $1500 by EOYIdea for Gold:
- local Distribution.
- Inflation peaking, you cannot buy gold before deflation. Speculative frontrunners will be distributed on.
GLHF
- DPT
Gold Forecast – Real Or False Breakout?A few weeks ago we had a look into Gold cycles, Intermarket forecasts, and COT. At that moment gold was flagging. As you know it usually follows this pattern very well. But it doesn’t mean always. The current breakout wasn’t qualified as we didn’t have a downclose candle prior to the breakout candle.
Moreover, in 2012 we had a similar situation and it was a false breakout. So, I want to see more price action to figure out what is happening. In case, this breakout turns to be real, the market will target 2600 in 1 – 3 years. With all that in mind, let’s have a closer look into smaller time frames.
Last week the price tested the 1856 level. It was previously a strong resistance. So, no surprise price found support there. The 4h MA200 is at 1837. Technically it should be enough to build a base and start a new wave to the upside with targets 1932 and 1960. This pattern is valid till the price holds above 1800. If this level fails, the bears could take control of this market.
$SIL Silver Miners ETF on the verge of a breakoutThe SIL has formed a perfect bullish consolidation below the breakout line, and is likely to move up another ~80% from here.
GDX : RESET / POSITION TRADE / HEDGEDuring the last three-month trading period, the VanEck Vectors Gold Miners ETF (GDX) has generated net inflows of 731.35 million. More importantly, we can see that the greatest selling pressures emerged after the Pfizer vaccine news was released on November 9th.
This suggests that the market is simply undergoing a temporary reaction to a news event and that further downside in GDX seems unlikely because any additional vaccine announcements would probably do little to change the underlying environment.
Moving out to an even longer-term view, we can see further evidence that these assertions are accurate because the VanEck Vectors Gold Miners ETF has actually generated net inflows of 2.37 billion during the last three years.
All together, these trend divergences tell us that investors might have an opportunity to profit from recent paradigm shifts in the precious metals markets. While this short-term enthusiasm might be moderately favorable for U.S. stock benchmarks into the end of 2020, we think that the prospects for economic deterioration during the first-quarter period of 2021 might be enough to send investors right back into safe-haven assets.
Ultimately, the VanEck Vectors Gold Miners ETF provides an alternative strategy for investors that are interested in moving deeper into the precious metals sector and its expense ratio of 0.52% remains near the middle of the range for the category as a whole.
SOURCE : INCOME GENERATOR, THE INCOME MACHINE / SEEKING ALPHA
seekingalpha.com
GDX FORECAST AND COMMENTARY - VANECK VECTORS ETF - GOLDGDX in the buy zone below green line. Stoploss below white line. Profits are lines above. The only thing stopping this thing from going up is the price of gold. I'm personally bullish on gold and recently bought some. Gold is trading pretty high and could absolutely go lower, don't think it can't. I have a good friend who has been buying gold for the last 20 years and he's praying for it go lower, haha. In all seriousness though the Maxx Momentum indicator showed a squeeze to the down side, so it could drop past 31. THIS IS NOT FINANCIAL ADVICE. THIS IS COMMENTARY AND RECORD KEEPING ONLY.
Be safe out there.
VOX HighlightsFirst Quarter 2021 Highlights
• Record revenue of $539,980 and gross profit of $479,271 reported for the quarter, with inaugural revenues received from
the Koolyanobbing royalty;
• Increased producing royalty asset count from one asset at May 2020 listing to four assets by Q1 2021 quarter-end;
• Strong balance sheet position at period end, including cash on hand of $10,723,135, working capital of $9,117,150 and
total assets of $29,024,889;
• Completed three portfolio transactions to acquire an additional ten royalties, reaching a total critical mass of 50 royalties
and streams;
• Completed an overnight marketed public offering for aggregate gross proceeds of C$16.85M;
• Subsequent to March 31, 2021:
- Announced a strategic partnership with Electric Royalties Limited (TSX-V: ELEC) and the potential
divestment of two non-core graphite royalties for C$2.9M; and
- The Company appointed PricewaterhouseCoopers LLP as their auditors effective April 30, 2021.
About the Koolyanobbing Royalty
The Koolyanobbing royalty is an uncapped royalty of 2% on the average/tonne Free on Board ("FOB") sales value of iron ore extracted from the Deception Deposit on mining lease M77/1258.
Prior to Vox acquiring the Koolyanobbing royalty from Vonex Limited ("Vonex") in 2020, a historical pre-payment of the royalty in the sum of A$3,000,000 was made by Cliffs Asia Pacific Iron Ore Pty Ltd to Vonex. As previously disclosed in Vox's filing statement dated May 12, 2020, no royalty cash flows are payable to Vox until this pre-payment amount has been exhausted. The outstanding balance as of December 31, 2020, was A$1,782,032.
Vox has entered into a binding agreement with Yilgarn Iron Pty Ltd pursuant to which Vox will extinguish the outstanding balance of the Koolyanobbing pre-payment through a cash payment of A$1,782,032 within five business days from the execution date of the agreement. Following payment of the settlement amount, effective January 1, 2021, Vox will earn royalty revenues from the Koolyanobbing royalty.
Royalty revenues associated with the Koolyanobbing (Deception Pit) royalty over the past two years and forecast for 2021 are as follows:
2019 = $724,198
2020 = $493,769
2021 Forecast = $600,000 – $800,000
The Deception Pit and the Altair Pit to the north are currently being mined at a rate of 1.1Mtpa – 1.3Mtpa. Historical royalty attributable annual production on the Vox royalty tenure (M77/1258, see Figure 2) has averaged 180,000t – 360,000t and Vox management expect this royalty attributable production rate to increase in coming years as mining transitions further north within M77/1258.
For more information on Koolyanobbing, please visit the Mineral Resources website at: www.mineralresources.com.au
Something Big is about to happen..!Usually, Gold miners and ETFs perform better than gold itself. Whenever paper golds (Stocks and ETFs) underperform spot price it means something negative is about to happen in the stock market!
Today, most precious metal miners are negative! Take this phenomenon seriously!
Today, Gold experiencing its 9th green day in a row. Which is a very rare phenomenon! you can see only one 10 days and one 9 green days in a row since August 2018.
GDX - Senior gold miners, golden crossGDX is an etf of senior gold miners. The golden cross (50 ma crossing above 200 ma) has occurred and has formed a flag on daily. The next fomc is not until june 15th, so we may chop here or pull back, depending on economic data.
Close above 200 MA, possible golden crossKL - One of the top five gold miners in the world. Closed above the 200 MA few days ago and has formed a bullish flag. Also, possible golden cross soon (50 ma crosses above 200 ma). I like KL, NEM, GOLD as money flows out from crypto and back into inflation hedges. Cheers
